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News Details

04/05/2022 10:31

UK factory activity edges up from March's one-year low

British factory activity edged up in April after slowing to its weakest in just over a year in March following Russia's invasion of Ukraine, but manufacturers were wary about the outlook as costs leapt and demand faltered, a survey showed on Tuesday.

The S&P Global/CIPS manufacturing Purchasing Managers' Index (PMI) rose to 55.8 in April from March's 13-month low of 55.2, a slightly bigger rise than the increase to 55.3 in an earlier 'flash' estimate.